Ok looks like I'm in full time apprasial employment here.
That would be the only way that you could go about making this domain name work for you.
Not many people would search for each way so it would be down to content about how successful this domain would be.
As it stands on the name then I wouldnt purchase it being honest and I have over 40 gambling domain names.
If someone done a typo and done net instead of bet then you may be ok for sign ups.
As the domain stands now its worth reg fee, for development it could possibly if your lucky make a few hundred quid.
You can pick up eachwaybet.org.uk and a few others which would have the same affect.
you can also pick up the .org.uk of eachway.
So reasonably its reg fee but depends on what you can do with it really.